June, 2006 Home Sales Summary

Land Title Guarantee Company reported robust residential (single family and multi-family) home sales for the month of June, 2006.

There were a total of 257 residential property sale transactions totaling $114,539,500 with an average sales price of $445,679.

By category:

80 single family homes sold for a total of $56,248,000 or an average of $703,100.
177 multi-family units sold for a total of $58,291,500 or an averageof $329,331.

In addition, 52 vacant land parcels sold for a total of $16,289,300 or an average of $313,256.

For more information on the Summit County real estate market, see Susan Gunnin's web site or email her.

RE/MAX and Susan Gunnin lead the real estate pack

From data provided by the Summit Association of Realtors for the first half of 2006, it was reported that RE/MAX Properties of the Summit led Summit County's real estate firms in real estate contract sides sold with a volume in excess of $48 million or 17.66%, and in total sales volume (listings and sales) with volume in excess of $78 million, or 16.73%. For all of Summit County, the total volume of sales for all real estae firms was in excess of $552 million.

Among the four RE/MAX offices in Summit County, Susan Gunnin was the top realtor in Sales Volume YTD, and 2nd in the number of transactions closed. For the month of June, she led the Breckenridge office in number of new listings.

To learn about the Breckenridge and Summit County real estate markets, go to Susan's web site or email her.

Debut of the Summit County Business Barometer

Local Businesses Bullish on Summit County Economy

In an article in the Summit Daily News, prepared by Constance Jones, executive director of the Summit County Chamber of Commerce, she reported that a new, quarterly survey will be provided which will give local business owners and professionals data to compare our local economic trends to both state and national trends. This first report represents activity for the first quarter of 2006. The next report, coming out later in July, will cover the 2nd quarter of 2006.

Business Activity Comparisons 2005 - 2006: Summit County respondants were asked to rate their current level of business activity on a scale of 1 to 5, with 5 being the highest or strongest. Since 2.5 would represent the middle of the scale, readings above 2.5 would indicate favorable conditions. Summit County business owners and professionals rated their current level of activity at 3.31. On the same basis, they were asked to rate their activity versus the same period one year ago, and here the reading was 3.47. Looking forward over the next 12 months, they responded with an exuberant 4.21. Reading. So at least from the business perspective, locals are very bullish on the Summit County economy.

Local Price Trends: The Business Barometer survey also gathered information on local price trends. Almost 72 percent of the businesses responded that the prices paid for services and goods rose an average of 7 percent. About 27 percent said prices stayed the same. When asked about the prices they charge their customers, 58 percent said they kept the prices the same, and 34 percent said they raised their prices with the average being just below 6 percent. About 8 percent said the prices they charge their customers actually went down about 8 percent.

Top Concerns: When rating their top concerns for the area, the number one response was the high cost of living. The second most important was concern over the environment/lifestyle. Finding quality employees was the third most important, while transportation and traffic congestion tied for fourth.